MEL 13. Under the assumption that KMS's market share will increase by 0.25% per year, you determine that the plant will require an expansion in 2015. The expansion will cost $20 million. Assuming that the financing of the expansion will be delayed accordingly, calculate the projected interest payments and the amount of the projected interest tax shields (assuming that KMS still uses a 10-year bond and interest rates remain the same as in the chapter) through 2018. KMS's Planned Debt and Interest Payments 2013 2014 2015 2016 2017 2018 1 Year 2 Debt and Interest Table (5000s) 3 Outstanding Debt 4 Net New Borrowing 5 Interest on Debt 6.80% 4,500 24,500 24,500 24,500 24,500 24,500 20,000 306 306 1,666 1.666 1,666 1.666